MercoPress. South Atlantic News Agency
Deutsche bank in danger zone: shares down 50% this year and sliding
Focus, which cited “government circles”, said the government had made it clear that Deutsche Bank will not receive any bail out 
Deutsche Bank shares have fallen 52% this year as the bank goes through a wrenching restructuring and cost-cutting under CEO John Cryan. Shares in Deutsche Bank were down sharply after a report that the German government won’t intervene with U.S. officials who are pressing the bank to pay US$14 billion to settle an investigation into its sales of mortgage-backed securities. The bank’s shares closed down 7.5% at 10.55 Euros on Monday after the Friday report from Focus magazine.
Focus, which cited “government circles” as its source, also said the government had made it clear the bank would not receive any state bailout. Deutsche Bank said it hasn’t asked for help with the U.S. and isn’t seeking a bailout.
“The question is not on our agenda,” bank said in a statement. “Deutsche Bank is determined to meet its challenges on its own.” The bank has said it expects to pay less than US$14 billion after negotiations.
Deutsche Bank shares have fallen 52% this year as the bank goes through a wrenching restructuring and cost-cutting under CEO John Cryan. Low interest rates have squeezed bank earnings and share prices across Europe. That’s because they reduce the difference between the rates banks pay for money and what they can charge in interest for loans to consumers and businesses.
The possibility of a heavy payout to settle the mortgage issue with the U.S. Justice Department has led to speculation that the bank might need to raise additional capital, a step which can dilute current investors’ shareholding. Deutsche Bank says a capital increase “is currently not on the agenda” and that “we do comply with all regulatory requirements.”
Government spokesman Steffen Seibert said that “there are ongoing talks between Deutsche Bank and the American justice authorities, about which only the negotiating partners can provide information” and said the government declined to take part in “speculation.”
He noted that other banks have settled similar cases with U.S. authorities and that “the government assumes that at the end of this process a fair result will be achieved on the basis of equal treatment”.
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Read all comments@Terence Hill
Oct 01st, 2016 - 12:45 pm 0http://en.mercopress.com/2016/09/29/a-falklands-annual-event-chilean-independence-day-celebrations#comment450936
“So if its 'truth' is unsupported, then it follows it cannot be true”
Find a source that actually says this. Nothing you have quoted so far says anything of the sort. It doesn't have to be in those exact words, but something similar.
1 DemonTree
Oct 01st, 2016 - 02:10 pm 0“So if its 'truth' is unsupported, then it follows it cannot be true”
“Find a source that actually says this. Nothing you have quoted so far says anything of the sort. It doesn't have to be in those exact words, but something similar.”
There is not an exact replication, but the statement for fills all the following requirements of deductive logic. Moreover, I cannot discover anything that refutes such a conclusion, more importantly neither can you. Otherwise, you would have so indicated.
”Philosophy Evaluative Terms and Concepts
Supported: Applies to: Premises and conclusions
Definition: A premise is supported when it is backed up by factual evidence/further argument (e.g. a sub-argument).
A conclusion is supported if it follows a series of premises that guarantee its truth or at least make it more likely in the case of a non-deductive (e.g. an inductive) argument“ https://quizlet.com/27700266/philosophy-evaluative-terms-and-concepts-flash-cards/
”Conclusion
The claim that an argument tries to establish as true; what the arguer is trying to prove to the audience. The conclusion is supported by the argument's premises.” https://quizlet.com/27700266/philosophy-evaluative-terms-and-concepts-flash-cards/
@2 Terence Hill
Oct 01st, 2016 - 03:27 pm 0None of those quotes says anything at all similar to your statement.
And I don't have to refute your claim. That would be shifting the burden of proof.
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